PETALING JAYA: Cahya Mata Sarawak Bhd ’s losses from its phosphate business will moderate going forward, says Maybank Investment Bank Research (Maybank IB). Maybank IB said the key markets for the company’s yellow phosphorus are Japan and South Korea. Once utilisation rates stabilise at about 70%, Cahya Mata expects the phosphate plant to yield pre-tax margins of up to the mid-teens in percentage terms. Until then, the plant will not yield much revenue as the yellow phosphorus produced won’t meet market requirements. It said once all the four furnaces are fully operational to produce yellow phosphorus at desired purity levels, Cahya Mata expects the plant to break even in 3Q26.

Source: The Star December 25, 2025 13:15 UTC